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U.S. House passes $14 billion auto bailout bill
- flashgordon 18y agooh great ... no one bailed out the piano industry (http://mises.org/story/3253 http://mises.org/story/3253), so why the car industry now???
- jmtame 18y agoI don't think it struck the right chord with Congress.
- cabalamat 18y agoThe auto industry spends "a shitload of money" on lobbyists -- http://cabalamat.wordpress.com/2008/12/10/if-car-adverts-were-honest/ http://cabalamat.wordpress.com/2008/12/10/if-car-adverts-wer...
- deleted 18y ago[deleted]
- Dilpil 18y ago"House Speaker Nancy Pelosi said the House-passed bill represented "tough love" for U.S. auto companies" 14 Billion dollars of tough love.
- jamiequint 18y agoIf I had been punished like this when I was a kid we wouldn't have needed to raise money for our company.
- alexandros 18y agoBecause of the sense of frugality it would have instilled in you, right? Right?
- rgrieselhuber 18y agoMy wish that will never come true for bailouts like this (aside from them not happening in the first place): no executive bonuses until every dollar is paid back, with interest.
- deleted 18y ago[deleted]
- Xichekolas 18y agoI still don't understand why the Government couldn't just let them go bankrupt and then pick up the pension obligations for the retirees... much like they did with the airlines several years back. In the long run it would have been cheaper to do it that way.
- seertaak 18y agoTom Paxton (country music star) on the last auto bailout: I am changing my name to Chrysler; I am going down to Washington D.C.; I will tell some power broker; What they did for Iacocca; Will be perfectly acceptable to me